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Guotai Junan Securities and Haitong Securities announced the details of their merger plan on Friday. Photo: Shutterstock

China’s largest brokerage emerges from Guotai Junan-Haitong merger

Haitong’s shareholders will be able to swap their shares for Guotai Junan stock or receive cash in lieu.

Hong Kong’s wealth sector thrives as political uncertainty, geopolitics swirl

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Citigroup CEO meets Chinese officials as Beijing touts financial market reforms

Bitcoin hits US$97,000 as crypto sector seeks White House post

The world’s largest digital asset reaches an all-time high in Asia on Thursday.

US President-elect Donald Trump at the Bitcoin 2024 event in Nashville, Tennessee, in July. Photo: Reuters

Blackstone to train Hong Kong wealth managers as private assets gain favour

Alternative asset manager launches Blackstone University programme along with Private Wealth Management Association.

Editorial | More growth ahead as cross-border Connect turns 10

Status of Hong Kong as offshore financial hub for mainland China has been greatly enhanced by ever-widening investment scheme.

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Archegos’ Bill Hwang sentenced to 18 years in prison for massive US fraud

Hwang’s family-owned hedge fund was at the centre of a market manipulation scheme said to have cost global investment banks billions of dollars.

Bill Hwang, founder and head of private investment firm Archegos Capital Management, arrives for his sentencing hearing in New York on Wedneday. Photo: AFP

Shanghai court says crypto ownership legal in China amid bitcoin price surge

In an opinion on a recent lawsuit, a Shanghai judge wrote that cryptocurrencies have the attributes of property and thus holding it is legal.

Alibaba pulls in US$5 billion from dual-currency bond offering

The deal marks the biggest corporate bond issue of its kind in the Asia-Pacific region this year.

Hong Kong urged to boost capital flow with mainland for global market access

Former HKMA head Norman Chan says capital circulation is not as seamless as it used to be.

Norman Chan Tak-lam, the former CEO of the Hong Kong Monetary Authority. Photo: Xiaomei Chen

Exclusive | World’s largest hedge fund CIO buys HK$95 million home in Hong Kong

Bridgewater Associates’ co-CIO Bob Prince paid HK$95 million for a three-bedroom home at St. George’s Mansion in Ho Man Tin.

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St. George’s Mansion (high-rise on the left) is nestled in the Ho Man Tin area. Photo: Sino Land

Could Hong Kong property tycoons’ backing lead to revival of IPOs?

Hong Kong billionaires are cornerstone investors in SF Holding’s US$793 million IPO, the first time tycoons have backed a listing in the city since 2022.

‘Money in motion’ as top financiers discuss diversification at Hong Kong summit

The Global Financial Leaders’ Investment Summit will be back for a fourth year next November, HKMA CEO Eddie Yue says.

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Explainer | What makes China’s ultra-long ‘special bonds’ so special?

China has only issued its ultra-long-term government bonds in special circumstances – here’s why this year qualifies.

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China has issued what it terms ultra-long-term special government bonds on multiple occasions in 2024, a rare move to shore up the economy. Photo: Reuters

Editorial | State leader has made clear Hong Kong’s pivotal role as a financial centre

Vice-Premier He Lifeng lays out three challenges city must meet to help China achieve its development goals.

Chinese Vice-Premier He Lifeng at the opening of the three-day Global Financial Leaders’ Investment Summit. Photo: Dickson Lee

Alibaba’s Connect link shows Hong Kong’s strength, access to mainland funds

Mainland investors have amassed 4 per cent of Alibaba’s public float and contributed 15 per cent to its trading volume through the Stock Connect scheme.

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‘China plus one’ strategy to boost Asia’s growth amid Trump’s trade war

Diverting investments from China to neighbouring economies as a hedge against tariffs and geopolitical risks will boost Asia’s growth, HSBC’s Elhedery says.

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Goldman Sachs CEO says it is too difficult to get capital out of China

With venture capital transactions by American investors at the lowest level in nearly four years, investors need reassurance, Solomon says.

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David Solomon of Goldman Sachs. Photo: Agence France Presse

Chinese courier giant seeks up to US$793 million from Hong Kong IPO

China’s largest express delivery company is selling 170 million shares at HK$32.30 to HK$36.30 each, with the listing to take place on November 27.

Top bankers stress resilience and wisdom key to navigating uncertainty

Speakers at the Global Financial Leaders’ Investment Summit say collaboration and strategic thinking hold the key to tackling a divided world.

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Regulators chime in to support Hong Kong’s role as markets connector

Chinese officials, speaking in Hong Kong, say they support the city as the bridge between the mainland and the rest of the world.

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(L to R)Eddie Yue, Chief Executive of Hong Kong Monetary Authority; Li Yunze, Minister, National Financial Regulatory and Administration; Wu Qing, Chairman, China Securities Regulatory Commission; Zhu Hexin, Deputy Governor, People’s Bank of China and Administrator, State Administration of Foreign Exchange; at the Global Financial Leaders’ Investment Summit at the Grand Hyatt hotel in Wan Chai on 19 November 2024. Photo: Dickson Lee

Manulife promotes Asia insurance head Phil Witherington to group CEO

Asia was the largest contributor to Manulife’s group earnings, accounting for 44 per cent of the total in the third quarter.

Phill Witherington, President and CEO of Manulife Asia, delivers opening remarks at the 2024 South China Morning Post - China Conference at the Hong Kong Ocean Park Marriott Hotel in Aberdeen on 4 July 2024. Photo: May Tse

Chinese Vice-Premier He Lifeng’s 3 ideas for Hong Kong – as it happened

Three-day Global Financial Leaders’ Investment Summit brings together senior Chinese officials and heads of banking giants.

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Editorial | Family office summit in Hong Kong shows road to wealth

Hong Kong event not only enables high-fliers to grasp challenges arising from new regional and global order, but also opportunities offered by city and mainland China.

Chinese banks surge on CSRC guideline urging more shareholder returns

Chinese banks soar after regulator pushes for increased shareholder returns, aiming to enhance stock prices and corporate governance.

Shares of top banks, including ICBC, rose on Monday after the regulator pushed for increased shareholder returns. Photo: EPA-EFE

Alibaba to sell bonds to repay debt, fund buy-back amid low rates

The Chinese e-commerce leader is issuing bonds denominated in US-dollar and yuan to help repay debt and fund stock repurchases.

Alibaba plans to issue new bonds to fund its share repurchases and repay debt. Photo: Shutterstock

Hong Kong summit kicks off with biggest Beijing team as stimulus, Trump in focus

‘Sailing Through Changes’ is the theme of this year’s investment summit, with China stimulus and Trumponomics likely to be hotly debated.

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Prenetics, Beckham launch IM8 brand with health, wellness products

The brand will introduce two new premium products, Daily Ultimate Essentials and Daily Ultimate Longevity.

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Banking & finance
News about the global financial industry with a focus on developments in Hong Kong and China.
last updated:
19 September, 2024
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